Which of the following does not increase U.S. aggregate demand?
a. an increase in real wealth
b. lower interest rates
c. an increase in imports
d. a decrease in the exchange rate value of the dollar
c
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How does the real interest affect households' decisions about saving?
What will be an ideal response?
In the short run, a decrease in the market demand will cause a(n) ________ in the market equilibrium price and a perfectly competitive firm's demand and marginal revenue curve to shift ________.
A) increase; upward B) decrease; upward C) increase; downward D) decrease; downward
The decrease in the price of gasoline to a national average of less than $3.20 during the summer of 2012 was most likely a result of
A) an increase in demand due to reduced summer driving. B) an increase in supply resulting from higher refinery output. C) an increase in demand due to increase in summer driving along with a decrease in supply resulting from reduced refinery output. D) an increase in supply resulting from higher refinery output along with a decrease in demand in summer driving.
For a given year, GDP includes the market value of the following:
A. stocks and bonds. B. bartered goods. C. services. D. land. E. second-hand cars.